Questions regarding the effectiveness of different subsidies, along with the efficiency and stability they may provide, have been researched widely within the field of economics. However, the effects that result from the conclusion of subsidization have received considerably less attention. As a case study, this analysis focuses on the CARES Act subsidy and its influence on the airline industry. The CARES Act, implemented in March 2020, provided funding for airlines amidst the COVID-19 pandemic. The funding consisted of a twenty-five billion dollar allotment from the government across all airlines, which was awarded based on the preceding year’s employment costs. This paper examines whether this act led to improvements in quality or productivity within the airline industry after the initial CARES Act shock subsided. Binary regression methods and on-time performance data are utilized to this end. Ultimately, I find that, by my most conservative estimates, the CARES Act’s resolution led to decreased quality, with a dip in worker productivity.